5 Monthly Dividend Stocks with Over 5% Yield

3. SL Green Realty Corp. (NYSE:SLG)

Dividend Yield as of February 3: 7.77%

Number of Hedge Fund Holders: 23

SL Green Realty Corp. (NYSE:SLG) specializes in acquiring, managing, and maximizing the value of commercial properties located in Manhattan. It primarily invests in office buildings and shopping centers in New York City. On January 25, SL Green Realty Corp. (NYSE:SLG)’s Q4 2022 revenue of $224.87 million climbed 15.6% year-over-year, beating estimates by $30.13 million. As of December 31, 2022, the same-store office occupancy rate in Manhattan was 91.2%, including leases that had been signed but not yet started.

On January 30, Baird analyst David Rodgers raised the price target on SL Green Realty Corp. (NYSE:SLG) to $43 from $38 and kept a Neutral rating on the shares. He stated that the high pro-rata leverage of SL Green Realty Corp. (NYSE:SLG) has made him more wary compared to other stocks, but if the company raises the estimated $2.35 billion in 2023, the potential for loss is limited and potential gain is probable.

According to Insider Monkey’s data, 23 hedge funds were bullish on SL Green Realty Corp. (NYSE:SLG) at the end of Q3 2022, compared to 18 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the leading stakeholder of the company, with 1.30 million shares worth $52.4 million.